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As India awaits policy, these companies already have their green hydrogen plans in place

By April 28, 2022No Comments

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As India awaits policy, these companies already have their green hydrogen plans in place

Apr 17, 2022 • Money Control

As global-warming concerns mount and countries commit to reducing emissions, green hydrogen is drawing a lot of interest for its ability to generate large-scale energy with low carbon footprint

The government is to announce the first part of the National Green Hydrogen policy on February 17, power minister Raj Kumar Singh has said, a move aimed at making India energy-independent and also meeting its climate commitments.

The government would allow free power transmission to renewable energy units set up by green-hydrogen producers and power banking facility for 30 days, Singh has said.

The second phase, which would require the approval of the Union Cabinet, would follow soon.

Prime Minister Narendra Modi announced the National Hydrogen Mission on Independence Day in 2021, with the ambition to boost the growth of green hydrogen in India to work towards being energy independent.

Green hydrogen refers to the hydrogen generated from electrolysis of water, with the entire process run on renewable energy. Green hydrogen has the potential to be the enabler of transition to sustainable energy.

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